DelhiDesk India’s dependence on China for lithium, a key component in mobile-laptop, electric vehicles, and other chargeable batteries, is expected to reduce significantly with the discovery of a second lithium reserve in Rajasthan’s Degana town. India has been reliant on expensive foreign supplies and imported lithium worth more than INR 6,000 crore in 2020-21, with more than INR 3,500 crore-worth bought from China. The newly-discovered reserve in Rajasthan is believed to have a higher capacity than the one found in Jammu and Kashmir earlier this year, and around 80% of India’s total demand for lithium can be met from Rajasthan’s deposits. The metal is widely used to manufacture wind turbines, solar panels, and electric vehicles, making it a sought-after asset for countries undergoing a dynamic shift in energy transformation.
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👉 India’s second lithium reserve discovered in Rajasthan’s Degana town.
👉 Dependence on China for manufacturing mobile-laptop, EV and other chargeable batteries to reduce significantly.
👉 India imported lithium worth more than 6,000 crore in 2020-21, with more than 3,500 crore from China.
👉 Capacity of lithium reserves in Rajasthan higher than those in Jammu and Kashmir.
👉 Lithium is important for battery-powered devices and needed for wind turbines, solar panels, and electric vehicles.
👉 Global demand for lithium metal expected to increase by 500 percent by 2050.
👉 Lithium deposit found in Rajasthan will help India become self-sufficient in green energy.
👉 The hill in Rajasthan, which supplied tungsten and contributed to the country’s economic growth for years, will now change with the newly-discovered lithium deposit.
👉 India’s plan to increase EV penetration by 30 per cent by 2030 relies heavily on lithium.
👉 India can become the world’s number one automobile manufacturer in the EV segment if it uses the lithium reserve.
👉 India is the third largest vehicle market in 2022 after China and the USA, beating Japan.
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